BHARTI is consolidating at oversold region.
I will buy BHARTI above 307.5 in cash with stop loss 304.5 for targets 312-315.
NIFTY FUTURE WEEKLY OUTLOOK
Nifty future closed a bit above pivot level at 5625.
For the week ahead, nifty future will be resisted at 5660.
Break and trade above 5675 will take nifty future to 5695, 5715 and 5740.
Support for nifty future is placed at 5590.
Break and trade below 5575 will take nifty future to 5555, 5535 and 5505.
NEXT: Money talks
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
It is a holiday for Indian Stock Market today.
You can find the list of holidays @ http://jerrytechnicals.blogspot.com/2009/12/list-oif-trading-holidays-2010.html
NEXT: The power of 5640
NIFTY FUTURE WEEKLY OUTLOOK
Nifty future pivot is placed at 5465 this week.
5500 will be huge resistance in the coming week.
If nifty is able to cross and trade above 5510, it will move to 5535, 5555 and 5575.
Support for nifty future is placed at 5433 this week.
However break and trade beloe 5419 will induce a trend change in nifty,
In such a case, nifty future will move to 5395, 5370 and 5350.
NEXT: Best of last week
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE WEEKLY ANALYSIS
Nifty traded between support and resistance level mentioned in this column last week.
Those who missed the article can access it here (link).
For the week ahead the pivot level is placed at 5435.
Expect nifty to test this level in monday morning trade itself.
5467-5476 will act as strong resistance region for nifty future.
Cross and trade above 5481 will induce positive vibes and nifty future
will move to 5520, 5550 and 5590.
Reversal from resistance region will take nifty down to 5400 levels.
5370 - 5398 is support region for nifty future.
However break of 5363 will indicate a crack and nifty will slide to
5338, 5300 and 5265.
NEXT:BEAR FRIDAY
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
Are you a subbroker ? Jerrytechnicals has a special plan for small and medium subbrokers.
Please contact us at jerrytechnicals@gmail.com for more details.
NIFTY FUTURE - WEEKLY
Nifty future CMT level has moved to 5445.
Nifty will have resistance at 5480 level next week.
Trading above 5495 will take nifty to 5545 and 5600.
On the downside 5430 and 5400 will be support level for nifty future.
Break and trade below 5367 will invite trouble for bulls and index will correct to 5250 and 5225.
NEXT: Best of last week
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
Nifty future exactly reversed from resistance area mentioned in my weekly post.
Where did the reversal end ? Yes exactly at the first target .
Gold reversed from exactly the short level and hit our first target.
RELINFRA short would have already yielded money for the aspiring reader.
We answered a query from a reader on IOB
Our investment pick of TATA INVESTMENT rocked on the upside
Get the word out. Share with your friends:
What a day for readers of jerrytechnicals !!!!
I wrote about Investment pick of Tatachemicals 10 days back and what a whopping move.
The stock clocked a high of 582 and closed at 560.
Amazing 22% return so far.
NEXT: Staring down the barrel
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE WEEKLY CHART
Nifty closed exactly at the continous moving pivot CMT level of 5442.
For the coming week, resistance is placed at 5475 - 5490 levels.
Trading above 5497 with volumes will take nifty future to 5540 and 5560 this week.
5400 - 5410 is the support region for nifty future.
Break and trade below 5390 will invite trouble for bulls and index will correct oto
5355, 5330 and 5300 this week.
Did you like the above post ? Why not send it to your friends ?
NEXT: Investment pick
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
Most popular links last week
RELIANCE exactly reversed from near our resistance level and crashed to
first target. This happened at a time when fund houses and technical analysts were
shouting 'buy buy' for RIL.
Readers of jerrytechnicals would have just said 'bye bye'.
We started our coverage for 'TATA Investment Company'.
The stock still trades above our buy price.
We are waiting patiently to enter this trade.
Nifty is a narrow range. We predicted the same will happen.
Nfty crossed above BO level and moved to target 2 .
That was the only trade for weekly traders in nifty.
Did you like the above post ? Why not share it with your friends ?
NIFTY FUTURE
Nifty future is precariously placed in weekly chart.
The divergences in short term indicators are really playing havoc for bulls.
5388 is pivot level for nifty future next week.
Resistance is placed at 5420 level.
Breakout is above 5435. Breakout targets are 5455, 5495, 5510.
Reversal from pivot/ ressitance level will take nifty future wto 5350 which is the support level for the week.
5340 is breakdown level.
Break down targets are 5320, 5300. 5280 and 5240.
Did you like the above post ? Why not send it to your friends ?
NEXT: Investment pick
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
TATA INVESTMENT CORPORTATION
Tata Investment Corporation (TIC) is a non-banking financial company.
Earlier named the Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares and equity-related securities.
TIC was promoted by Tata Sons in 1937 and went public in 1959, when it became one of the few publicly held investment companies listed on the Mumbai Stock Exchange.
Areas of business
TIC, along with Tata Sons, promotes the Tata Mutual Fund. The company has built up a significant portfolio of investments.
Location
The company is located in Mumbai, India.
CHART LOOK
How do we plan to trade this :
We plan to make an entry at fibonacci confluence level of 430 - 420.
We will then hold for a target of 660 and 780.
We will use risk reward ratio of 1: 3 to arrive at stoploss.
We will also invest part of the corpus as long term investment for a target of 1350.
NEXT: Best trades of last week
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE
Last week we had written that first support for nifty is at 5360 and reversal from this level
will take nifty future to 5467. Those who missed this post can read it here.
The low of nifty future was 5350 and high was 5476. It cannot get more precise than this.
For the coming week, 5467- 5476 will again act as huge resistance for nifty future.
Breakout targets are 5500, 5520 and 5548.
First support for nifty will be the pivot at 5430.
After this nifty could go into corrective mode and hit 5399.
Trading below 5385 could invite trouble for bulls and index will correct to 5365, 5345 and 5300.
NEXT: Bears crash the party
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
The unstoppable bulls
Bulls were back in style today at dalal street taking nifty exactly to the resistance level
mentioned in this column.
For tomorrow, the crucial pivot level is placed at 5445.
5480 is the resistance level and 5490, the breakout level.
Breakout targets are 5510, 5530 and 5550.
Nifty should find support around the 5400 mark.
Trading below 5395 will invite selling and nifty will correct to 5380, 5360 and 5340.
Will it be a day on which bulls decide to have a field day or will bears crash the party ?
Let us wait and watch.
NEXT : ONLY BULLS ALLOWED
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE
The whole of yesterday was a colossal waste of time for nifty traders as it traded in a
a super narrow range. One of those days where not trading would have made money .
Fo today's trading in nifty future, 5400 is the central pivot level.
Support is placed around 5360 .
Break below 5355 will lead to 5335, 5315 and 5295.
Resistance is placed around 5440.
Trading above 5448 will take nifty future to 5470, 5490 and 5508.
NEXT: A rangebound day
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE
We had written yesterday that short term indicators are in negative divergence mode and sure enough,
bulls decided to take to out some profit today. The index corrected exactly to support mentioned in this forum
at 5353.
For tomorrow, the all crucial pivot level is placed at 5370.
Reversal from this pivot level will take nifty future to 5336.
Crack below 5323 will take nifty future to 5303 and 5280 levels.
Resistance for tomorrow is placed at 5405 and breakout will be above 5417.
Targets for breakout will be 5435 and 5455.
NExT : A prediction of impending correction
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss